Finance and InvestmentDiscussion of everything other than financial aid. Includes investment, mortgage, retirement, banking, etc. Co-hosted with <a href="http://whitecoatinvestor.com/">The White Coat Investor</a>Fri, 18 Aug 2017 04:57:00 +0000Fri, 18 Aug 2017 04:57:00 +0000Student Doctor Networkhttps://forums.studentdoctor.net/forums/finance-and-investment.176/
Tackling student loan debtFri, 18 Aug 2017 03:51:10 +0000https://forums.studentdoctor.net/threads/tackling-student-loan-debt.1275319/
https://forums.studentdoctor.net/threads/tackling-student-loan-debt.1275319/invalid@example.com (Sugaboogie)Sugaboogie
My husband just finished EM residency and is a new attending. I'm working in government and have an MPH degree. We need to pay down our student loan debt. Combined with our undergrad, grad and medical school loans, we have about $405K in debt. My loan interest rates are 6.25% and my husband's are 6.5%. We have already done consolidation with FedLoans and I signed up for PSLF. I already have 2/10 years of qualifying PSLF payments....

Tackling student loan debt]]>1How to maximize retirement with the one regular job and one locum tenens job?Fri, 18 Aug 2017 01:52:13 +0000https://forums.studentdoctor.net/threads/how-to-maximize-retirement-with-the-one-regular-job-and-one-locum-tenens-job.1273714/
https://forums.studentdoctor.net/threads/how-to-maximize-retirement-with-the-one-regular-job-and-one-locum-tenens-job.1273714/invalid@example.com (doctorpilgrim)doctorpilgrim
I now work two jobs, one is a salaried position where I maximize my retirement investment as it has a 403B plan along with 457 plan and so I invest the maximum of 53k in retirement plan at the salaried job.

Now I do 1099 job at another place. What are the best ways to add another retirement investment option.
I shall be grateful for guidance.

Sent from my iPhone using...

How to maximize retirement with the one regular job and one locum tenens job?]]>6S-Corp QuestionFri, 18 Aug 2017 01:49:37 +0000https://forums.studentdoctor.net/threads/s-corp-question.1274549/
https://forums.studentdoctor.net/threads/s-corp-question.1274549/invalid@example.com (tyrionlannister00)tyrionlannister00
So the story is: I'm moonlighting in 4th year as a resident. I'm currently getting a W-2 from my moonlighting job. I make about 3,000 per month at the moment. This means for the rest of the year, I will probably make about 12,000 - 15,000 in potential earnings.

I was told by several attendings I should have...

S-Corp Question]]>5Suggestions on how to learn business while in medical schoolThu, 17 Aug 2017 01:54:34 +0000https://forums.studentdoctor.net/threads/suggestions-on-how-to-learn-business-while-in-medical-school.1274658/
https://forums.studentdoctor.net/threads/suggestions-on-how-to-learn-business-while-in-medical-school.1274658/invalid@example.com (juliojones123)juliojones1233New investor questionWed, 16 Aug 2017 19:36:55 +0000https://forums.studentdoctor.net/threads/new-investor-question.1245817/
https://forums.studentdoctor.net/threads/new-investor-question.1245817/invalid@example.com (wanderingorion)wanderingorion
I'm a pretty new investor, but I have been educating myself over the past few months. I have started contributing to my Roth since last fall, and investing in some ETFs through my online broker. My current tiny balance (a little more than $200) was mostly invested in a Financial sector fund form the beginning, and I have been diversifying into different funds as I continue saving. My question is, given the potential market changes coming soon, with the very likely prime...

Sent from my iPhone using SDN mobile]]>3M3 - What to invest in?Tue, 15 Aug 2017 18:18:23 +0000https://forums.studentdoctor.net/threads/m3-what-to-invest-in.1257584/
https://forums.studentdoctor.net/threads/m3-what-to-invest-in.1257584/invalid@example.com (jowblow997)jowblow997
I know very little about investing but I imagine there must be something better to do with this money than have it sit in the bank. I was thinking about Vanguard Index Funds, seems like a relatively safe investment with good returns and low effort.

Anyways, I'll be purchasing a home this coming summer and have been looking into the doctor loan mortgage programs on https://www.leveragerx.com/physician-mortgages. Has anyone used these and are there any drawbacks to them??]]>21Loan payoff strategy (and other finance advice)Sun, 13 Aug 2017 17:51:51 +0000https://forums.studentdoctor.net/threads/loan-payoff-strategy-and-other-finance-advice.1258631/
https://forums.studentdoctor.net/threads/loan-payoff-strategy-and-other-finance-advice.1258631/invalid@example.com (legobikes)legobikes
I have little to no financial education, and relatedly, absolutely no investments or insurance policies except for liability-only vehicle insurance on my old Honda and my bike. For the longest time I refused to think at all about my loans; the assumption was I'd...

Loan payoff strategy (and other finance advice)]]>5Student Loans and Credit Card DebtMon, 07 Aug 2017 15:59:43 +0000https://forums.studentdoctor.net/threads/student-loans-and-credit-card-debt.1266092/
https://forums.studentdoctor.net/threads/student-loans-and-credit-card-debt.1266092/invalid@example.com (californiway21)californiway21
I wanted to get some advice from my fellow sdners and see if my thinking makes sense here. I currently have two credit cards that I have used to help me apply to undergrad and dental school for application fees, travel, hotels, and food. I also used these credit cards for living expenses such as groceries and gas when I didn't have anymore student loan funding available for the rest of the month. The only way that these credit cards are being paid for is by my father who has so...

Thanks.]]>17Does it make sense to do a DIY refinance with student loans using other student loans?Sun, 09 Jul 2017 18:35:02 +0000https://forums.studentdoctor.net/threads/does-it-make-sense-to-do-a-diy-refinance-with-student-loans-using-other-student-loans.1267275/
https://forums.studentdoctor.net/threads/does-it-make-sense-to-do-a-diy-refinance-with-student-loans-using-other-student-loans.1267275/invalid@example.com (predent1891)predent18911How much emergency fund and where to store it? (and other advice?)Sat, 01 Jul 2017 02:33:21 +0000https://forums.studentdoctor.net/threads/how-much-emergency-fund-and-where-to-store-it-and-other-advice.1256390/
https://forums.studentdoctor.net/threads/how-much-emergency-fund-and-where-to-store-it-and-other-advice.1256390/invalid@example.com (FlowRate)FlowRateHow much emergency fund and where to store it? (and other advice?)]]>32Financing/Paying off med school - Rising M1 interested in Academic MedicineFri, 30 Jun 2017 21:11:13 +0000https://forums.studentdoctor.net/threads/financing-paying-off-med-school-rising-m1-interested-in-academic-medicine.1262260/
https://forums.studentdoctor.net/threads/financing-paying-off-med-school-rising-m1-interested-in-academic-medicine.1262260/invalid@example.com (amuseddoughnut)amuseddoughnut
I'm trying to figure out if I want to take out loans for the full amount or pay as much tuition as possible (or some middle ground). My husband works in a high paying field, but he's just starting, so we don't have $30k saved up yet for MS1. We also are interested...

Financing/Paying off med school - Rising M1 interested in Academic Medicine]]>7refinancing student loansThu, 29 Jun 2017 23:55:04 +0000https://forums.studentdoctor.net/threads/refinancing-student-loans.1248728/
https://forums.studentdoctor.net/threads/refinancing-student-loans.1248728/invalid@example.com (Chelsea FC)Chelsea FC
I am just writing to seek a little advice, I was a international student here for most of undergrad before getting my green card due to that I have amassed over $80,000 in college student loan dept (3 loans at Navient and 1 at sallie mae) all private loans with interest rates...

refinancing student loans]]>9InsuranceWed, 28 Jun 2017 20:56:48 +0000https://forums.studentdoctor.net/threads/insurance.1166531/
https://forums.studentdoctor.net/threads/insurance.1166531/invalid@example.com (agammaglobulin)agammaglobulin39Disability insuranceWed, 28 Jun 2017 20:42:57 +0000https://forums.studentdoctor.net/threads/disability-insurance.1246478/
https://forums.studentdoctor.net/threads/disability-insurance.1246478/invalid@example.com (Yellow mellow)Yellow mellow6Married Interns - IDR and taxesWed, 28 Jun 2017 20:34:21 +0000https://forums.studentdoctor.net/threads/married-interns-idr-and-taxes.1265298/
https://forums.studentdoctor.net/threads/married-interns-idr-and-taxes.1265298/invalid@example.com (OnlyOneZlatan)OnlyOneZlatan
Because we had $0 income for the last year, we decided to apply for REPAYE before we were legally married and were accepted allowing us to have a $0/mo for the next 12 months. This allows us to have 1/2 of our interest covered for at least the next 12 months. However, since we...

If you are affiliated with a product line or service, post your affiliation in this thread before posting anywhere in this forum. You may include contact information in this post ONLY. You are not allowed to put contact information in any other posts or in your...

WARNING: Avoid banning, Post Corporate Affliations Here]]>51ROTH investment choicesThu, 15 Jun 2017 19:02:05 +0000https://forums.studentdoctor.net/threads/roth-investment-choices.1260130/
https://forums.studentdoctor.net/threads/roth-investment-choices.1260130/invalid@example.com (audramill)audramill
Occasionally, I read Morningstar and have learned a few details, such as keeping expense ratios low and the importance of holding rather than selling. This week, I read about tax benefit of ROTHs for earning dividends. Previously, I experimented with mutual funds (listed below) and now I see that FSRPX wasn't a strategic choice for earning dividends....

ROTH investment choices]]>7Surgeon with disabling disease--will my disability insurance claim be rejected?Mon, 05 Jun 2017 00:25:16 +0000https://forums.studentdoctor.net/threads/surgeon-with-disabling-disease-will-my-disability-insurance-claim-be-rejected.1261180/
https://forums.studentdoctor.net/threads/surgeon-with-disabling-disease-will-my-disability-insurance-claim-be-rejected.1261180/invalid@example.com (cindy919)cindy919
I am a surgeon, diagnosed with ankylosing spondylitis a few years ago. I have had disability insurance for 12 years (signed up as a resident), and may need to use it now, since it is becoming difficult to stand in the OR for long periods of time.

There is a "rider" on my disability insurance policy from 12 years ago that excludes "disorders and diseases of the bones, muscles, ligaments, and discs of the lumbar spine." This was included because a year before I signed up for the...

Surgeon with disabling disease--will my disability insurance claim be rejected?]]>2Personal loan as a residentSun, 04 Jun 2017 01:20:09 +0000https://forums.studentdoctor.net/threads/personal-loan-as-a-resident.1101870/
https://forums.studentdoctor.net/threads/personal-loan-as-a-resident.1101870/invalid@example.com (Regmata)Regmata
I am going to look into Lending Club and Prosper. Does anyone have any better ideas or has anyone had any recent experience with this?

Thanks in advance.]]>5How much do you save per year?Sun, 28 May 2017 00:33:17 +0000https://forums.studentdoctor.net/threads/how-much-do-you-save-per-year.1228470/
https://forums.studentdoctor.net/threads/how-much-do-you-save-per-year.1228470/invalid@example.com (Eyesore)Eyesore
Share what you are comfortable with, whether it is a percentage or actual dollar amount.

Is that pretax or post tax? Do you invest in individual stocks, index funds, bonds, rental properties, business franchises?

Do you have a set number ($) before you retire, or slow down, or set age to retire?

Is anyone considering FIRE (financial independence retire early) and planning accordingly? If so, what is you strategy?

With current uncertainty in...

How much do you save per year?]]>57VA/Military RetirementFri, 26 May 2017 19:51:00 +0000https://forums.studentdoctor.net/threads/va-military-retirement.1257978/
https://forums.studentdoctor.net/threads/va-military-retirement.1257978/invalid@example.com (christianblake89)christianblake89VA/Military Retirement]]>2Real estate investmentWed, 24 May 2017 08:39:09 +0000https://forums.studentdoctor.net/threads/real-estate-investment.1221520/
https://forums.studentdoctor.net/threads/real-estate-investment.1221520/invalid@example.com (tartesos)tartesos
I know some type of investments are a big hassle, but it is my favorite type because I have experience with it growing up.
How much is a "safe" proportion if any?excluding your own home of course.

Any ideas or suggestions strongly appreciated.
I have one investment property home on the sights that seems solid. Should I make an llc or different company to put it under to protect my assets?

Let's talk real...

Real estate investment]]>9Federal loan servicer: who's best, who's worst? (Navient, FedLoan Servicing, Nelnet, Great Lakes)Mon, 22 May 2017 03:40:59 +0000https://forums.studentdoctor.net/threads/federal-loan-servicer-whos-best-whos-worst-navient-fedloan-servicing-nelnet-great-lakes.1258446/
https://forums.studentdoctor.net/threads/federal-loan-servicer-whos-best-whos-worst-navient-fedloan-servicing-nelnet-great-lakes.1258446/invalid@example.com (theWUbear)theWUbear
When going into income-based repayment for federal student loans and stating you are interested in PSLF, studentloans.gov asks you to choose your student loan servicer. The options are Navient, Nelnet, Great Lakes Educational Loan Services, Fedloan Servicing (PHEAA). This question hasn't been asked here since 2003, in a thread that is no longer relevant due to a change in the choices.

Obviously, the choice of servicer can make a huge difference in a person's quality of life - a...

I have my own Disability Insurance policy through Met Life, providing monthly benefit of $5250 for a premium of $185.76. I can increase this up to $15,000/month w/out repeating medical exam.

I am starting an academic job in July which seems to...

Quick Disability Insurance Question]]>1ARM vs fixed rate mortgage in post-trump era?Tue, 16 May 2017 21:06:16 +0000https://forums.studentdoctor.net/threads/arm-vs-fixed-rate-mortgage-in-post-trump-era.1239288/
https://forums.studentdoctor.net/threads/arm-vs-fixed-rate-mortgage-in-post-trump-era.1239288/invalid@example.com (ponderinventing)ponderinventing
as a soon to be transitioner from fellow to attenting doc, i am trying to figure out what the best mortgage product is for our new home. i know that buying a home is a personal decision for everyone, but in our situation, it makes the most sense (we actually already own a condo, and we are renting it out once we move)...so thanks in advance for not bombarding me with that kind of advice (i.e. rent vs buy)...we've already decided! i've already experienced an ARM...

ARM vs fixed rate mortgage in post-trump era?]]>4Another student loan repayment story here with a twist.Fri, 12 May 2017 00:58:41 +0000https://forums.studentdoctor.net/threads/another-student-loan-repayment-story-here-with-a-twist.1159823/
https://forums.studentdoctor.net/threads/another-student-loan-repayment-story-here-with-a-twist.1159823/invalid@example.com (igap)igap
I had/have all of the usual expenses, including kids, cars (though they are paid for), living in an expensive city. In my third year of practice I had an opportunity to take extra call at a busy trauma center for about 15 days per month. This call was by myself with no resident support, and no other help. I did this call in...

Basically, looking at Vanguard's high dividend yield investor share fund (VHDYX), I have a modest amount of money that I put in there just recently and which has grown a bit with the market movement in the last few weeks -- again, more to learn and to get my feet wet as a newer attending.

I've read quite a few things here and on Bogleheads as far as the arguments for/against...

However, if I save GI Bill for later, about 3~4 years later, I would be able to use it for dental school later which covers at least 20k + extra financial aid(yellow ribbon program) depends on which school you go to.

Nonetheless, the reason why I am considering using GI Bill for undergraduate is that I...

When do I use GI bill? Undergraduate or graduate?]]>1New PGY1 QuestionThu, 27 Apr 2017 01:54:23 +0000https://forums.studentdoctor.net/threads/new-pgy1-question.1253638/
https://forums.studentdoctor.net/threads/new-pgy1-question.1253638/invalid@example.com (therunner12)therunner12
I'm sorry if this a terribly simple question, just trying to see if I can keep that money in my pocket rather than receive it as a refund.]]>8Gift taxing from familyMon, 24 Apr 2017 16:18:35 +0000https://forums.studentdoctor.net/threads/gift-taxing-from-family.1253998/
https://forums.studentdoctor.net/threads/gift-taxing-from-family.1253998/invalid@example.com (waterbottle10)waterbottle104Home office deductionFri, 21 Apr 2017 22:19:59 +0000https://forums.studentdoctor.net/threads/home-office-deduction.1250190/
https://forums.studentdoctor.net/threads/home-office-deduction.1250190/invalid@example.com (fahimaz7)fahimaz7
Thoughts?]]>12Investing pre-taxThu, 20 Apr 2017 19:19:02 +0000https://forums.studentdoctor.net/threads/investing-pre-tax.1090883/
https://forums.studentdoctor.net/threads/investing-pre-tax.1090883/invalid@example.com (ledo99)ledo99Investing pre-tax]]>14Living with parents after graduating?Wed, 19 Apr 2017 00:31:23 +0000https://forums.studentdoctor.net/threads/living-with-parents-after-graduating.1250890/
https://forums.studentdoctor.net/threads/living-with-parents-after-graduating.1250890/invalid@example.com (ldiot)ldiot
With that being said it seems kind of sad that I'll be in my late twenties and living with my parents. I don't really care what other people think but at the same time it's still kind of strange I...

Living with parents after graduating?]]>5Credit cards, FICO, and average ageWed, 19 Apr 2017 00:25:42 +0000https://forums.studentdoctor.net/threads/credit-cards-fico-and-average-age.1251778/
https://forums.studentdoctor.net/threads/credit-cards-fico-and-average-age.1251778/invalid@example.com (da8s0859q)da8s0859q
I have less than six credit cards. Average age is about eight years, with my own oldest going back ~14 years; the oldest, a reporting AU account which back-dates to over a couple decades ago.

Across all three bureaus, my FICO-8 is >800.

Never late, no collections. I do not carry monthly balances on anything except my student loans. My credit utilization is < 10%.

I have one particular card which is about 11 years old from...

Credit cards, FICO, and average age]]>5Credit Cards and DTI (Debt-to-Income) RatioWed, 19 Apr 2017 00:12:39 +0000https://forums.studentdoctor.net/threads/credit-cards-and-dti-debt-to-income-ratio.1252662/
https://forums.studentdoctor.net/threads/credit-cards-and-dti-debt-to-income-ratio.1252662/invalid@example.com (IM2Bee924)IM2Bee924
How did you all get around this issue? It seems I am hopeless and...

Credit Cards and DTI (Debt-to-Income) Ratio]]>3COA >300k, prior student loan debt...Wed, 19 Apr 2017 00:05:00 +0000https://forums.studentdoctor.net/threads/coa-300k-prior-student-loan-debt.1252423/
https://forums.studentdoctor.net/threads/coa-300k-prior-student-loan-debt.1252423/invalid@example.com (Sthpawslugger)SthpawsluggerCOA >300k, prior student loan debt...]]>26460k in Student Loans - Help!Tue, 18 Apr 2017 12:34:45 +0000https://forums.studentdoctor.net/threads/460k-in-student-loans-help.1252295/
https://forums.studentdoctor.net/threads/460k-in-student-loans-help.1252295/invalid@example.com (rightonn_dude)rightonn_dude
Looking for some advice here as residency comes to an end. I'm an CA3 Anesthesiology Resident. I just checked my student loan status and saw that I'm in the black hole $460,000. FOUR HUNDRED SIXTY THOUSAND DOLLARS. It's terrible. Horrible. HORRENDOUS. So much for that shiny Rolex and speedy 911 I was planning on getting as a personal reward when this hell is all said and done.

I'd like to get this paid down ASAP and looking to you gurus for any advice. I signed a contract for...